Louisiana's New Rules About LTCi Premium Increases

To help stabilize long-term care insurance premiums and help prevent long-term care insurance rate increases, Louisiana has enacted strict regulations. Recent evidence shows that the regulations are working very well to reduce the frequency and size of long-term care insurance rate increases.

To understand why these regulations are working, we must also understand why the old regulations did NOT work.

Profit Incentive:
Under the old rules: if a rate increase was requested, the insurers could price normal profit levels into the rate increase. In many cases, a rate in
Source of insurance-forums.net

Comments